Completion of CEM Macau disposal
Lisbon, June 17, 2024: Following the information released to the market on December 29th 2023, EDP, S.A. (“EDP”) has completed today the sale of EDP’s remaining 50% stake in Energia Ásia Consultoria, Lda. (“Energia Ásia”) to China Three Gorges International Limited, for a total consideration of c. € 100 million.
Energia Ásia was owned 50/50 by EDP and ACE Asia Co. Ltd and its sole asset is a 21.2% stake in Companhia de Electricidade de Macau – CEM, S.A. (“CEM”), which acts as the exclusive concessionaire for transmission, distribution and supply of electricity in Macau since 1985.
This transaction allows EDP to reallocate capital to its core activities and is fully aligned with EDP’s 2023-2026 Business Plan.
This information is disclosed pursuant to the terms and for the purposes of the article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council.
EDP, S.A.